Ceres Power’s (CWR) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Ceres Power (LON:CWR) in a research report released on Wednesday morning,Digital Look reports. They currently have a GBX 950 target price on the stock.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 920 price target on shares of Ceres Power in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ceres Power has an average rating of “Buy” and an average target price of GBX 935.

Ceres Power Stock Performance

LON:CWR opened at GBX 417.80 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 12.18 and a current ratio of 10.54. Ceres Power has a fifty-two week low of GBX 119 and a fifty-two week high of GBX 872.50. The firm has a market cap of £893.37 million, a PE ratio of -17.04 and a beta of 3.00. The business has a 50 day moving average price of GBX 399.90 and a 200-day moving average price of GBX 475.86.

Ceres Power (LON:CWR) last issued its earnings results on Wednesday, September 23rd. The company reported GBX (8.58) EPS for the quarter. Ceres Power had a negative return on equity of 29.93% and a negative net margin of 130.56%. Equities research analysts predict that Ceres Power will post -12.4426979 earnings per share for the current year.

About Ceres Power

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres’ solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking and electrofuels.